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Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia's largest coal producer by market value PT Adaro Energy Tbk posted a 131.6 percent increase in its third quarter net profit, based on Reuters calculations, amid increasing coal demand for both exports and domestic use.
Adaro, which has a market capitalisation of $5.14 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for more than 70 percent of its sales. The firm had said that the demand for its coal strengthened at the end of June and expected the trend to continue until the end of the year with increasing sales to Asian customers.
Adaro posted a 58.9 percent increase of coal exports and 55.7 percent increase of domestic coal sales in the July-September period. Its net profit grew 131.6 percent to 1.27 trillion rupiah from 546.5 billion rupiah a year ago, while the revenue jumped 56.8 percent to 7.12 trillion rupiah.
The figures were based on Reuters calculations from the nine-months and first-half earnings published by the company. Adaro aims to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and to raise production to 80 million tonnes per year in the next five years. With higher sales volume, Adaro has forecast double-digit growth in revenue and net profit this year. Shares in Adaro closed at 1,540 rupiah on Friday.($1 = 9,540 rupiah)
Source: Reuters
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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Jaiprakash Power Ventures ltd
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- Rio Tinto Coal - Australia
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- Barasentosa Lestari - Indonesia
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- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
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- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
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- Marubeni Corporation - India
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- Electricity Generating Authority of Thailand
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- Jorong Barutama Greston.PT - Indonesia
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- India Bulls Power Limited - India
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- Meenaskhi Energy Private Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
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- Mercuria Energy - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
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- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
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- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
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- Bangladesh Power Developement Board
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- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- The Treasury - Australian Government
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- Parliament of New Zealand
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- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Ministry of Finance - Indonesia
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- Bhatia International Limited - India
- Indian Energy Exchange, India
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- Interocean Group of Companies - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
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- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
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- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
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